Circle, a financial services company, and Sony Block Solutions Labs, a Sony Group company, have partnered to launch USDC, a dollar-pegged stablecoin, on Soneium, an Ethereum L2 blockchain. The collaboration includes the launch of Bridged USDC on Soneium to be part of the economy of the emergent ecosystem, becoming a primary token for value exchange. …
Continue reading “Circle Partners With Sony to Introduce USDC on Soneium”
A closely followed crypto strategist thinks that Bitcoin (BTC) is now raring to ignite the next phase of its bull market. Pseudonymous analyst Kaleo tells his 648,200 followers on the social media platform X that Bitcoin is now in a position to launch rallies that will last until the end of 2025. The trader shares …
Bitwise Chief Investment Officer Matt Hougan believes that Ethereum to tech giant Microsoft in a recent memo, asserting that the blockchain giant’s foundational role in the ecosystem is being underestimated amid current bearish sentiment. In the memo titled “A Contrarian Bet on Ethereum,” Hougan argued that Ethereum continues to lead in key sectors despite growing …
The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally unavailable to people in these areas. Experts point to the user-friendliness and security of defi compared to traditional financial institutions …
Continue reading “Experts: Defi Thrives Where Banks Falter, Fragmentation a Hurdle”
The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges …
Continue reading “SEC Hits Flyfish Club With Charges for Unregistered NFT Offering”
Crypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx’s management under Zanmai and Zettai, not Binance. Rejecting claims from co-founder Nischal Shetty, Binance maintains it “bears no responsibility …
Continue reading “Binance Rejects Wazirx’s Claims — Denies Responsibility for Hack Consequences”
The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these schemes siphoned millions from unsuspecting investors. The charges mark the first SEC enforcement actions against such scams. SEC Targets Crypto Scams in Latest Enforcement Action …
A popular crypto analyst thinks the modular blockchain network Celestia (TIA) will collapse in price over the long term. Pseudonymous analyst Altcoin Sherpa tells his 222,800 followers on the social media platform X that TIA will plunge to below $1 eventually, though he acknowledges it could see some “random short squeezes” before that. “Psyops would …
Este artículo también está disponible en español. Cardano (ADA) is finally at stage three of this current market cycle, with analysts foreseeing a massive 4,500% price rally to $15. This projected price increase is set to offer dedicated investors and holders a small window of opportunity to make gains from the popular altcoin. Cardano (ADA) …
Continue reading “Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15”
Este artículo también está disponible en español. BlackRock’s iShare Bitcoin Trust (IBIT) registered its first daily net inflow in three weeks, leading to US spot Bitcoin exchange-traded-funds (ETFs) witnessing a combined net inflow of $12.8 million, data from Farside Investors confirms. BlackRock’s Spot Bitcoin ETF Attracts Net Inflows, How About Other ETFs? BlackRock forayed into …
Este artículo también está disponible en español. XRP is holding strong above a critical price level after weeks of choppy price action, now testing local demand to push higher. Many analysts and investors remain confident about a potential surge in the coming months, with some projecting significant price gains once XRP consolidates above current levels. …
Este artículo también está disponible en español. The XRP price has experienced a notable surge in recent days amidst the wider backdrop of the crypto industry. At the time of writing, many cryptocurrencies are starting to reverse their seven-day gains due to Bitcoin’s failure to break above $60,000 on Monday. However, XRP continues to stand …
Este artículo también está disponible en español. As we enter the final quarter of 2024, the cryptocurrency market is shifting gears, presenting both challenges and opportunities. After a rough August and a bearish start to September, major cryptocurrencies like Bitcoin are struggling to find stable ground. While BTC has dipped below key support levels, other …
Continue reading “Your October Top Picks Ethereum, Starknet and Mpeppe”
US Representatives Tom Emmer and Patrick McHenry gave Gary Gensler until the end of the month to answer questions about the SEC’s approach to crypto airdrops.
The Korea Premium Index drives price surges in South Korea’s crypto market, where institutional trading plays a pivotal role.
